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FOX News
Jun 19, 2013 12:00pm PDT
the feds will pull back as the economy improves and he says it's getting better slowly. >> overall the committee believes the downside risks diminished but we continue toomd risks as they evolve. >> the federal reserve updated projections predicting growth this year 2.3 to 2.6%, slightedly worse than the march prediction calling for the economy to grow 2.8%. the unemployment rate between 7.2 and 7.3% is better than march forecast when predicting 7.5%. the fed expects unemployment to fall to 6.5% next year. >> shepard: men's warehouse stock took a dive following word the company fired george zimmer. >> by one get one free on almost everybody, including the modern fit suits. you're going to like the way you look, i guarantee it. >> zimmer had been a fixture in men's warehouse commercials for years delivering his signature catchphrase. the company didn't indicate why they fired him but it was done the same day as the annual shareholders meeting. the men's warehouse reports it postponed the meeting to renominate its board of directors without him. watch this space. the nsa set to tall
FOX News
Jun 20, 2013 12:00pm PDT
to take his foot off the gas pedal no energy left for the economy. interest rates will rise, scenario that is horrible for american families. people are fareful of what happens when bernanke backs out, the federal reserves stops supporting the market. >> what they're doing is, quantitative easing is printing of money, putting more money in the economy, and the government spends a lot more money and allows the private sector to get its legs back under it. the government takes over when the people can't, and then when the private sector gets its legs under it, the government backs off. hasn't happened. >> the feds have been trying to push interest rates down and stimulate borrowing and lending. the fed has kept saying, okay, we acknowledge we're sort of printing money but we think weeing pull that money back when the time comes. and that's not the issue. the hirsh here, number one, this is a market overreaction to what bernanke, the chairman of the fed, actually said yesterday. he did not say we're going to stop this program. he didn't even -- the program didn't even change. these were
Search Results 0 to 1 of about 2